Wed, 08/20/2014 - 23:39 — HFF
ATLANTA, GA - August 20, 2014 – HFF announced today that it has closed the $15.8 million sale of Coleman Village, a 90,958-square-foot, grocery-anchored retail center in the Atlanta suburb of Roswell.
HFF marketed the property on behalf of the seller, Wharton Realty Group. Principal Real Estate Investors purchased the asset for $15.8 million free and clear of existing debt.
Coleman Village is located at 1050 Marietta Highway, the dominant artery that connects Roswell to Marietta, Georgia. Completed in 2001, Coleman Village is 96 percent leased to tenants including Kroger, Kauffman Tire, El Porton Mexican Restaurant, Kani House Steak and Sushi, Subway, Starbucks and The UPS Store.
The HFF team representing the seller was led by managing directors Jim Hamilton and Richard Reid.
Wharton Realty Group strongly believes that the future of the real estate business will provide an unparalleled success to any other industry. Their diversified portfolio consists of shopping centers and office buildings, providing space for over one thousand tenants across the country. This diversity allows the company to take advantage of economies of scale, which plays an integral role in any prosperous venture. The corporate strategy, formulated to maintain and develop Wharton Realty as a premier real estate company and provide the finest working environment for all tenants has changed little over the last decade. This strategy has proven to increase the value of our portfolio and satisfy shareholders.
Principal Real Estate Investors manages or subadvises $52.6 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.